Thermal Spray Coating Equipment and Services Market by Product (Material, Equipment & Services), Process (Combustion Flame & Electrical), End-Use Industry (Aerospace, Automotive, Healthcare, Energy & Power), and Region - Global Forecast to 2030

Thermal Spray Coating Equipment and Services Market by Product (Material, Equipment & Services), Process (Combustion Flame & Electrical), End-Use Industry (Aerospace, Automotive, Healthcare, Energy & Power), and Region - Global Forecast to 2030

The thermal spray coating equipment and services market is projected to grow from USD 14.0 billion in 2024 to USD 17.8 billion by 2030, at a CAGR of 4.1% from 2024 to 2030. The aerospace industry is a key driver of the thermal spray coating equipment and services market. Thermal spray coating equipment and services are commonly employed in aircraft engines, turbine blades, aerospace structures, and defense equipment to improve performance, reduce weight, and increase durability.

“By process, the combustion flame segment is estimated to be the largest segment of the thermal spray coating equipment and services market from 2024 to 2030.”

Based on the process, the combustion flame is estimated to be the largest segment during the forecast period. The combustion flame process facilitates excellent bond strength and adhesion between the coating and substrate. The high temperatures and velocity of the particles generated by the flame promote strong metallurgical bonding, resulting in a durable and resilient coating. This is particularly crucial for applications where the coating must withstand high temperatures, mechanical stress, or corrosive environments. Hence, these factors are propelling the market growth for the combustion flame segment.

“By material, ceramics is estimated to be the largest segment of the thermal spray coating equipment and services market from 2024 to 2030.”

Based on material, ceramics are projected to account for the highest share in the thermal spray coating equipment and services market during the projection period. Ceramic coatings provide high electrical insulating characteristics. They are utilized in situations that need low electrical conductivity or insulation. Examples are electrical components, circuit boards, and high-voltage insulators.

“From 2024 to 2030, by end-use, aerospace is expected to be the largest end-use segment in the thermal spray coating equipment and services market.”

Aerospace is estimated to account for the largest share in the thermal spray coating equipment and services market during the forecast period based on end-use. Thermal spray coatings are employed in thermal protection systems (TPS) for spacecraft and re-entry vehicles. TPS coatings, such as ablation and insulating materials, are designed to withstand extreme temperatures during atmospheric re-entry and protect the underlying structures from heat damage.

“The North America region's thermal spray coating equipment and services market is projected to witness the highest share during the forecast period.”

North America will register the greatest share in the thermal spray coating equipment and services market from 2024 to 2030. The automobile industry in North America is another significant driver of the thermal spray coating equipment and services market. Coatings are used on automobile components like engine parts, piston rings, and transmission systems to improve performance, reduce friction, and increase fuel economy. Thermal spray coatings are projected to become more prevalent in the automobile industry due to a greater demand for lightweight materials and improved engine performance.

Profile break-up of primary participants for the report:

By Company Type: Tier 1 – 40%, Tier 2 – 20%, and Tier 3 – 40%

By Designation: C-level Executives – 20%, Directors – 50%, and Others – 30%

By Region: North America – 25%, Europe –15%, Asia Pacific – 30%, and Latin America-20%, Middle East & Africa-10%

The thermal spray coating equipment and services report is dominated by players such as

Linde AMT (US), OC Oerlikon Management AG (Switzerland), Höganäs AB (Sweden), Saint Gobain (US), and Curtiss-Wright Corporation (US), Ador Fontech Limited (India), Bodycote (UK), Curtiss-Wright Corporation (US), Kennametal Inc. (US), The Lincoln Electric Company (US), A&A Thermal Spray Coatings (US), Aimtek (US), Alloy Metal Surface Technologies (India), and Wall Colmonoy (US), and others.

Research Coverage:

The report defines, segments, and projects the thermal spray coating equipment and services market size based on product, process, end-use, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, agreements, and acquisitions undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the thermal spray coating equipment and services market and its segments. This report is also expected to help stakeholder businesses and the market’s competitive landscape better, gain insights to improve the position of their companies, and make suitable go-to-market strategies. It also enables stakeholders to understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (growing demand from the healthcare industry, the reduced maintenance cost of thermally sprayed parts, thermal spray substituting electroplating processes, the boom in the aerospace industry), restraints (stringent regulations, fluctuations in raw material and energy prices), opportunities (use of new measures to conserve energy and harness renewable energy sources, adoption of automation and robotics), and challenges (lack of technical skills, high initial investments and operating costs) influencing the growth of the thermal spray coating equipment and services market.

Market Development: Comprehensive information about lucrative markets – the report analyses

The thermal spray coating equipment and services market is across varied regions.

Market Diversification: Exhaustive information about new products & services, untapped

geographies, recent developments, and investments in the thermal spray coating equipment and services market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, and service

offerings of leading players Linde AMT (US), OC Oerlikon Management AG (Switzerland), Höganäs AB (Sweden), Saint Gobain (US), and Curtiss-Wright Corporation (US), Ador Fontech Limited (India), Bodycote (UK), Curtiss-Wright Corporation (US), Kennametal Inc. (US), The Lincoln Electric Company (US), A&A Thermal Spray Coatings (US), Aimtek (US), Alloy Metal Surface Technologies (India), and Wall Colmonoy (US), among others in the thermal spray coating equipment and services Show more